On the general insurance segment, damage claims rose 2.25% to RON1.13 billion in January through March, while on the life insurance segment, damage claims stood at RON183.12 million, down 6.53% on the year.
Damage claims increased 4.39% to RON534.57 million on the mandatory car insurance RCA segment and decreased by over RON100 million to RON380.58 million on the voluntary car insurance CASCO.
Premiums underwritten on the general insurance segment fell 2.09% to RON1.66 billion. The most significant insurance categories are RCA (RON744.34 million (+10.03% compared to the first quarter in 2013) and CASCO (RON418.55 million (-1.01% compared to the first three months of 2013).
Life insurance policies generated underwritten premiums of RON382.28 million, down 8.91% from January-March 2013.
According to ASF, general and life insurance account for 1.26% of Romania’s gross domestic product.
The five largest insurance companies in Romania are Allianz-Tiriac (RON257.4 million), Astra (RON217.1 million), Omniasig (RON192.1 million), Carpatica Asig (RON164.3 million) and Groupama (RON150.8 million).